Regulatory Risks Fees and Charges
Clients
The Regulatory Risksplatform is free to sign up, post a job or project, receive bids from Consultant Users, discuss job or project requirements, and have work executed. If you choose to award the job or project, and the ConsultantUser accepts, we will charge you, the Client, a service fee relative to the value of the selected bid.
At the time of ordering a service, Clients must provide funds equivalent to the total service price which are held in escrow until the satisfactory completion of the job, project or milestone. The payment is protected by the Regulatory Risks Milestone Payment System. Payments are only released on successful execution of the milestone or project and the Client is happy with the work that has been delivered.
The service fee for either fixed rate or hourly (aggregate)jobs or projectsis:
- USD 0 – USD 5000 = 10%
- USD 5001 – USD 10000 = 9%
- USD 10001 – USD 20,000 = 8%
- USD 20,001 – USD 30,000 = 7%
- USD 30,001 – upwards = 5%
Refunds as Bonus Credit
In some instances, refund of fees may be completed as a bonus credit. This bonus may only be used on our siteand cannot be withdrawn or transferred. The bonus will expire in 180 days from the date of receipt.
Referral Fees/Discounts
For Clients
Regulatory RisksReferral Program offers job or project commissions for Connectorswho refer new Clients that do not have an existing account on Regulatory Risks.com and who join and create a new account.
This is subject to the following conditions:
- New Clients must be referred by contacting info@regulatoryrisks.com
- For the avoidance of doubt, any referral fee must paid by Regulatory Risks to Connector will only be in relation to new work performed that has beensuccessfully completed. The new jobs or projects must commence after the Client creates a new account on Regulatory Risks.com and be initiated using that new account.
- Regulatory Risks reserves the right to review classifications of Clients as new Clients for the purpose of this promotion, to ensure fair use of this promotion. Clients must have worked with, and paid, the Consultant to use this promotion before any payments are made to Connectors.Clients may be required to provide evidence of this prior work and payment before being eligible for any payments that are to be made to Connectors.
- All other elements of the User Agreement continue to apply - see https://www.regulatoryrisks.com/terms-and-conditions.
- All other elements of the Fees and Charges component of the Additional Terms continue to apply - see https://www.regulatoryrisks.com/pricing.
- Regulatory Risks may require that parties fill in and complete their profiles and/or pass identity checks before payments are released.
- Regulatory Risks may require that the details for any project for which the commission applies are appropriately complete.
- This promotion may be withdrawn for a specific user, if significant reversals, fraud or chargebacks are observed, if Regulatory Risks believes that there is a risk of funds being subject to reversal or chargeback, in cases of disputes between Client and Regulatory Risks, or for any other reason.
- Regulatory Risks reserves the right to disallow use of this promotion in its sole and absolute discretion, with respect to fair use of this promotion, and to prevent any suspected fraud.
- Regulatory Risks reserves the right to require submission of further information from any party applying to make use of this promotion, for investigating fraud and for risk management and related purposes.
- Regulatory Risks reserves the right to cancel or amend this promotion at any time.
- Regulatory Risks reserves the right to cancel the promotion in any region if it is deemed or becomes unlawful to offer the promotion to any resident of that region.
Other Fees
The following fees are optionally charged for additional services:
- Posting a Project – Free
- Bidding on a Project – Free
- Transaction fees incurred for using, Paypal or Stripe – USD [0.30 + 2.3%]
- Paypal Withdrawal – Free
- Stripe Withdrawal – Free
We impose a minimum withdrawal, after fees, of USD $30. Fees may be optionally levied depending on the method of withdrawal. Additional fees may be levied by the third party offering the withdrawal method.
Arbitration Fees
The arbitration fee for a milestone dispute is $5.00 USD or 5%, whichever is greater.
Our dispute resolution system is designed to allow both parties to resolve issues regarding milestone payments amongst themselves without arbitration.
After 4 days of a dispute being filed (or 7 days if the dispute is filed by the Regulatory Risks) either party may elect to move the dispute to paid arbitration. The other party will then have a further 4 days to agree to pay this fee and for both parties to submit any final evidence. If the other party fails to pay within time, they will lose the dispute.
The arbitration fee will then be refunded to the winner of the dispute.
Taxes
Taxes are applied based on local rates and rules defined by the User's country of residence / registered country.Client and Consultants Users are responsible for any taxes due. Regulatory Risks and its affiliates do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors.
User Agreement
The fees and charges summarized on this page are governed by the terms of the Regulatory Risks Terms of Use and related site policies. The Terms of Use includes other important terms and should be read in full. In particular, the Terms of Useagreement specifies the consequences of termination for violations of the agreement. Those consequences can include fines for damages that Regulatory Risks will sustainas a result of actions that breach the Terms of Use agreement.
